Diamondback Energy, Inc. (NASDAQ:FANG) Shares Sold by Institute for Wealth Management LLC.

Institute for Wealth Management LLC. lessened its stake in Diamondback Energy, Inc. (NASDAQ:FANG) by 4.5% in the 4th quarter, Holdings Channel reports. The firm owned 4,234 shares of the oil and natural gas company’s stock after selling 200 shares during the period. Institute for Wealth Management LLC.’s holdings in Diamondback Energy were worth $694,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FANG. R Squared Ltd acquired a new stake in Diamondback Energy in the 4th quarter valued at approximately $29,000. UMB Bank n.a. raised its stake in shares of Diamondback Energy by 247.3% in the fourth quarter. UMB Bank n.a. now owns 191 shares of the oil and natural gas company’s stock valued at $31,000 after acquiring an additional 136 shares in the last quarter. Values First Advisors Inc. acquired a new stake in shares of Diamondback Energy in the third quarter valued at $42,000. CVA Family Office LLC raised its stake in shares of Diamondback Energy by 28.1% in the third quarter. CVA Family Office LLC now owns 296 shares of the oil and natural gas company’s stock valued at $51,000 after acquiring an additional 65 shares in the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Diamondback Energy in the 3rd quarter valued at about $52,000. Institutional investors and hedge funds own 90.01% of the company’s stock.

Insider Buying and Selling

In related news, Director Mark Lawrence Plaumann sold 1,150 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $181.00, for a total transaction of $208,150.00. Following the transaction, the director now owns 4,712 shares of the company’s stock, valued at $852,872. This represents a 19.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.48% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Mizuho decreased their price objective on Diamondback Energy from $219.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, December 16th. BMO Capital Markets upgraded Diamondback Energy from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $205.00 to $215.00 in a research note on Friday, October 4th. Royal Bank of Canada reiterated an “outperform” rating and issued a $210.00 price objective on shares of Diamondback Energy in a research note on Thursday, January 23rd. UBS Group decreased their target price on Diamondback Energy from $235.00 to $212.00 and set a “buy” rating for the company in a research note on Monday, December 9th. Finally, The Goldman Sachs Group assumed coverage on Diamondback Energy in a research note on Monday, December 2nd. They set a “buy” rating and a $227.00 target price for the company. Four equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $215.00.

Diamondback Energy Trading Down 3.6 %

NASDAQ:FANG opened at $164.36 on Friday. The firm has a market cap of $47.99 billion, a P/E ratio of 9.41, a PEG ratio of 1.33 and a beta of 1.88. The company has a current ratio of 0.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.31. The stock’s 50 day simple moving average is $169.40 and its 200-day simple moving average is $181.33. Diamondback Energy, Inc. has a 12-month low of $147.93 and a 12-month high of $214.50.

Diamondback Energy (NASDAQ:FANG) last released its earnings results on Monday, November 4th. The oil and natural gas company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.62 by ($1.24). Diamondback Energy had a net margin of 33.64% and a return on equity of 13.68%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same period in the previous year, the firm posted $5.49 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Equities analysts anticipate that Diamondback Energy, Inc. will post 15.55 EPS for the current year.

Diamondback Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 14th were issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, November 14th. Diamondback Energy’s dividend payout ratio is presently 20.61%.

Diamondback Energy Company Profile

Diamondback Energy, Inc, an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.